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The latest “Residual Value Report” from DealerTrack subsidiary ALG anticipates “healthy growth” for domestic and import brands in the United States over the next two years, with new vehicles and redesigned standbys helping the Detroit Three stay competitive.
Read More →Wolters Kluwer Financial Services announced today that independent automobile finance company AmeriCredit Corp. will utilize its AppOne platform to help further expand loan originations in the auto finance market.
Read More →General Motors announced last Thursday that Edward E. Whitacre, Jr. will step down as chief executive officer on Sept. 1, 2010, and as chairman of the board by the end of the year
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General Motors announced last week that it concluded the dealer arbitration process and that effective Nov. 1, it will have a network of about 4,500 U.S. dealerships to sell and service customers for Chevrolet, Buick, GMC and Cadillac vehicles.
Read More →To meet customer demand for leasing and non-prime financing for GM vehicles, General Motors and AmeriCredit Corp. announced July 22 that they entered into a definitive agreement for GM to acquire the subprime auto finance company in an all-cash transaction valued at approximately $3.5 billion.
Read More →An audit prepared by a watchdog agency says last year’s decision by General Motors Co., Chrysler LLC and the Obama administration’s Auto Task Force to terminate franchise agreements with hundreds of dealers was made in haste.
Read More →Month-to-month retail sales did slow down, but the picture is much brighter on a year-over-year basis, with all domestic and foreign automakers reporting YOY sales increases for the first six months of 2010.
Read More →Cadillac announced on Monday that it will provide owners of all 2011 models with frequently required maintenance services for the first four years of ownership or 50,000 miles.
Read More →Retail auto sales continued their strong performance in April, as all domestic and foreign automakers reported increases in their sales volumes.
Read More →Fueled by attractive incentives, U.S. automakers sold 1.07 million units in March – the best month since the federal government’s Cash for Clunkers program sent sales skyrocketing last August.
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